Mortgage Brokers, Lenders, Servicers and Mortgage Broker Independent Contractor Entities in Montana are required to apply for a license through the National Mortgage Licensing System (NMLS) and file a Montana Mortgage Broker Surety Bond as a condition of licensure. The bond ensures compliance of state laws and ethical mortgaging business practices.
Obtain a surety bond. Bond amounts are based on the total volume of loans produced on an annual basis:
The premium that you pay for a Montana Mortgage Broker Surety Bond is dependent on credit and the bond amount required. Bond amounts over $50,000 require business and personal financial statements.
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.
For a downloadable application